Funding you earn now, next payment 09:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.056%
Price spread now: Coinbase International against Bitget+0.120%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 7 days+0.327%+$33 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.120%, 7d avg +0.091%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.028% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.091%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PAXGUSDT | 4,325.5 | 0.0024 | pay 0.0012% / 4h | 2h 58m | $9.2M | $16.3M | 50x |
| Short | Coinbase International PAXG-PERP-INTX | 4,330.6 | 0.0232 | get 0.0029% / 1h | 58m 14s | $933K | $1.0M | 50x |
Bitget PAXGUSDT
Coinbase International PAXG-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $43.68
- Price spread: +0.120% → +0.091%
- $2.81
- Slippage, 4 orders
- −$11.69
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $12.8
- Costs to cover
- 0.337%
- Break-even
- 4.9 days
Slippage from Bitget: live order book, 5 min ago; Coinbase International: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 5 min ago | 0.01 bp | 8.4 bp −$8 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 3.49 bp | 8.5 bp −$8 | 12.8 bp −$128 | doesn't fit | doesn't fit |
PAXG on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0088% | 1h | 4,324.1 | −0.032% | $1.4M | $500K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0056% | 4h | 4,328.1 | +0.062% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0016% | 1h | 4,329.9 | +0.102% | $43K | $189K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,328.5 | +0.070% | $115K | $15K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,327.9 | +0.057% | $15.7M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,322 | −0.080% | $2K | $3.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,330 | +0.106% | $7.9M | $428K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,333.2 | +0.179% | $910K | $822K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0022% | 4h | 4,334 | +0.198% | $16.6M | $1.2M | 100x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,324.6 | −0.020% | $375K | $1.5M | 25x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PAXGUSDTlong | +0.0024% | 4h | 4,325.5 | long leg | $9.2M | $16.3M | 50x | |
| Binance PAXGUSDT | +0.0025% | 4h | 4,325.7 | +0.005% | $80.2M | $82.1M | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.505% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0040% | 1h | 4,328.1 | +0.062% | $262K | $805K | 50x | as long as short |
| Aster PAXGUSDT | +0.0043% | 4h | 4,327.3 | +0.044% | $906K | $38K | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0085% | 1h | 4,326.7 | +0.028% | $1.2M | $2.1M | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0087% | 8h | 4,325.9 | +0.011% | $80K | $4.4M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,326.6 | +0.027% | $21.3M | $2.6M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,328.8 | +0.077% | $1.0M | $309K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,325.4 | −0.001% | $15.0M | $4.6M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,329.6 | +0.096% | $28.8M | $5.5M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,327.1 | +0.038% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,327.3 | +0.044% | $1.2M | $860K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,326.8 | +0.032% | $12.2M | $291K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,327.6 | +0.050% | $555 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,321 | −0.103% | $1.5M | $80K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,327.9 | +0.057% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTXshort | +0.0232% | 1h | 4,330.6 | +0.120% | $933K | $1.0M | 50x | |
| 01 Exchange PAXGUSD | +0.4368% | 1h | 4,338.8 | +0.309% | $29K | $24K | 10x | as long as short |
Binance PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Aster PAXGUSDT
Kraken Futures PF_PAXGUSD
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
01 Exchange PAXGUSD